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Asian Logistics, Maritime and Aviation Conference (ALMAC) concludes

indie
4 minutes

HONG KONG, Nov 27, 2022 - (ACN Newswire via SEAPRWire.com) - With a lengthy history as a global trading port, Hong Kong this week hosted the 6th edition of Hong Kong Maritime Week. The week's flagship event was the 12th Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), which came to a close last Wednesday. This signature two-day event for the maritime, air freight, logistics and supply chain management sectors and shippers from diverse manufacturing industries drew more than 90 industry experts and leaders sharing insights at over 30 sessions. ALMAC this year attracted more than 14,000 online and physical participants from over 50 countries and regions.The 12th Asian Logistics, Maritime and Aviation Conference, jointly organised by the Government of HKSAR and HKTDC, concluded successfully today, attracting more than 14,000 physical and online participants from over 50 countries and regions.Daryl Tay, President, North Asia District of UPS Parcel Delivery Service, said RCEP opens up huge opportunities in Asia.Simon Bennett, Deputy Se...

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The 12th Asian Logistics, Maritime and Aviation Conference Opens

indie
8 minutes

HONG KONG, Nov 22, 2022 - (ACN Newswire via SEAPRWire.com) - The 12th edition of the Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and Hong Kong Trade Development Council (HKTDC), opened today at the Hong Kong Convention and Exhibition Centre (HKCEC) in person and online. This year's ALMAC is expected to attract over 14,000 viewers from over 50 countries and regions. At this annual signature event for the maritime, air freight, logistics and supply chain management sectors and shippers from different industries, more than 90 industry experts and leaders will share their insights at close to 30 sessions.Dr Peter Lam, HKTDC Chairman, said the disruption and delays caused by the pandemic in the past three years have highlighted an urgent need to assess how we can manage supply chains differently, so they are better equipped to withstand future challenges.The opening session was officiated by Paul Chan, Financial Secretary of the HKSAR.The 12th edition of the Asia Logistics, Maritime and Aviation Conference, jointly organised by HKTDC and Government of the Hong Kong Special Administr...

SeaPRwire
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Nexum launches NEXM utility token specifically for the shipping and oil financing industry

pandora
3 minutes

Dubai, UAE, January 14, 2022 – (SEAPRWire) – Nexum Foundation has successfully launched its utility token NEXM in Decoin exchange on January 5, 2022. On the first day of trading, the token price reached USD 0.132, representing a 116% increase. This launch makes Nexum the first blockchain-based platform in maritime financing to publicly trade its cryptocurrency. Nexum is a blockchain-based fintech platform built to provide funding securely and efficiently to traders in the shipping and oil industry. Nexum Coin (NEXM) is the platform’s dedicated ERC20 utility token, which traders and other maritime ecosystem participants must use to receive funding in order to obtain access to services offered by the platform. NEXM token is under the auspices of Nexum Foundation Ltd. in Singapore. The foundation aims to promote changes in the capital allocation process in the maritime industry. Nexum brings transparency, efficiency, and accountability to an industry responsible for hundreds of billions of cross-border payments and money transactions. Nexum incentivizes the adoption of blockchain technology and crypto payments by the maritime ecosystem. Shipping is a fragmented and opaque industry tha...

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Fujitsu Introduces AI technology Enabling Highly Accurate Prediction of Vessel Collision Risks on Complex Maritime Routes

ruth
7 minutes

TOKYO, Sep 28, 2021 - (JCN Newswire via SEAPRWire.com) - Fujitsu Limited today announced the introduction of a highly-accurate AI technology to predict vessel collision risks on complex sea routes including bay areas. Field trials were conducted between November 2020 and September 2021 under an outsourcing contract with the Japan Coast Guard to demonstrate the usefulness of the new technology.Fig. 1: Comparison of conventional collision risk prediction with new technologyFig. 2: Screen comparison image of collision risk predictionFujitsu previously leveraged AI technology to calculate and predict vessel collision risks based on the current position, speed and direction of the ship. Now, an additional algorithm has been added to this technology in order to calculate the degree to which the vessel is following its course, enabling more accurate risk prevention.This new feature makes it possible to only provide alerts in situations with a high risk of collision - changes of the course along a route will thus no longer be falsely detected as dangerous steering.Field trials of the technology were conducted at the Tokyo Wan Vessel Traffic Service Center under an outsourcing contract with...

SeaPRwire

Singapore navy takes part in naval exercise to boost regional maritime security against terrorism, piracy

aseanpr
2 minutes

SINGAPORE - The Republic of Singapore Navy (RSN) has joined 20 other countries in a naval exercise led by the United States Navy as part of efforts to beef up regional responses against maritime terrorism and piracy threats in South-east Asia. The 10-day exercise, which will end on Friday (Aug 20), features simulated drills, such as ship-boarding in the waters of the straits of Malacca and Singapore, and the South China Sea. The exercise, which started in 2002, is in its 20th edition. This year's exercise comprises a three-day maritime security webinar followed by a sea phase. The webinar brought together experts to discuss and exchange best practices to deal with maritime security threats in South-east Asia. The at-sea components of the sea phase were coordinated through the combined exercise headquarters set up at the Changi Command and Control Centre in RSS Singapura-Changi Naval Base. Noting the transnational nature of maritime threats, the RSN's Information Fusion Centre (IFC) and its attached international liaison officers led the exchange of real-time information sharing in order to coordinate the operational responses of participating aircraft and ships out at sea. Establis...

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Operations Poised to Begin at “Mitsubishi Heavy Industries Maritime Systems”

ruth
2 minutes

TOKYO, Aug 2, 2021 - (JCN Newswire via SEAPRWire.com) - As reported earlier, Mitsubishi Heavy Industries, Ltd. (MHI) concluded an agreement in March with Mitsui E&S Holdings Co., Ltd. under which MHI will take over the Naval and Governmental Ships business of Mitsui E&S Shipbuilding Co., Ltd. A decision has now been taken to name the new business entity "Mitsubishi Heavy Industries Maritime Systems Co., Ltd." The new company's operational launch date will be announced after receipt of the results of the review currently underway by the Japan Fair Trade Commission (JFTC).With inauguration of the new business company, MHI and MHI Maritime Systems will integrate their respective technological strengths and expertise in a concerted drive to expand their product lineups in naval vessels and governmental ships, enhance their product development capabilities, and improve production efficiency. In particular, the two partners will combine their accumulated resources in technologies of manpower savings and unmanned vehicles in the maritime sphere, areas of growing importance in recent years. This will strengthen their development and engineering capabilities and accelerate market la...

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Straits Inter Logistics set to develop Asia’s largest STS Energy Transhipment Hub after receiving approval from Marine Department Malaysia

indie
5 minutes

KUALA LUMPUR, Jul 12, 2021 - (ACN Newswire via SEAPRWire.com) - Straits Inter Logistics Berhad ("Straits" or "Company"), a Bursa Malaysia Listed Company, announced today that it has received approval from Marine Department Malaysia for Victoria STS (Labuan) Sdn Bhd ("Victoria STS") to develop an integrated offshore Ship-to-Ship (STS) Energy Transhipment Hub within the port limits of Victoria Bay, Labuan. Victoria STS is a 70% owned subsidiary of Fajar Maritime and Logistics Sdn Bhd, which in turn is a 60% owned subsidiary of Straits.The STS hub will be Straits' energy flagship project which will be located within the port limits of Victoria Bay deep water area spanning a vast 3309 hectares supporting an initial six (6) STS berths with safe water depths of up to 30 meters. The development will advance the introduction of state-of-the-art multi-functional energy transhipment facilities that will be able to accommodate LNG carriers up to the size of a Q-Max and Very Large Crude Carriers (VLCC).Victoria Bay is strategically located along the international shipping and energy trade routes. Straits' plan to develop the STS Hub is set to be one of the largest offshore Liquefied Natural Ga...

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IMC Ventures Partners with PIER71 to Invest and Nurture the Maritime and Supply Chain Ecosystem in Singapore

indie
4 minutes

Singapore, Jun 18, 2021 - (ACN Newswire via SEAPRWire.com) - IMC Ventures ("IMC Ventures"), a Singapore-based venture capital firm focused on investments in the maritime and supply chain industries, is pleased to announce that it has joined PIER71 as a venture capital partner with an objective to invest and nurture the maritime and supply chain ecosystem in Singapore.With a vision to establish Singapore as a vibrant maritime ecosystem spearheading world-class innovation, the founding partners of PIER71 are Maritime and Port Authority of Singapore ("MPA") and NUS Enterprise, the entrepreneurial arm of the National University of Singapore ("NUS").Bringing together a community of stakeholders who are keen to digitalise and create the next wave of maritime innovation, PIER71 designs and delivers programmes to uncover opportunities within the maritime industry by providing access to markets, demand drivers, technology solution providers, investors and more.With an aim to create a positive environmental and social impact via investments in the maritime & logistics industries, IMC Ventures was established by IMC Industrial Group ("IMCIG") to focus on creating sustainable returns and o...

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Project Launched to Probe Conversion of Existing Ships from Fossil-based Fuels to Decarbonized Energy Sources

ruth
3 minutes

TOKYO, May 20, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) is to undertake technical, financial and environmental assessments for converting existing ships to vessels that run on zero carbon fuels. The evaluations will be performed mainly by two Group companies - Mitsubishi Shipbuilding Co., Ltd. and Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd - under a project led by The Maersk Mc-Kinney Moller Center for Zero Carbon Shipping*, a research institute created to promote decarbonization of the maritime shipping industry, in which MHI serves as a founding partner. MHI Group, as part of its energy transition growth strategy, is collaborating with the Center's otherstrategic partners toward achieving a global zero carbon fleet. By clarifying a roadmap for converting existing vessels that run on fossil fuels to carbon-neutral ships and identifying the challenges faced, the project aims to reduce ship-related investment risks.Under this project, technical assessments of safety aspects will be conducted relating to future solutions, including modification of existing container carriers, tankers and other existing ships to vesse...

SeaPRwire

Maritime sector to receive $20 billion in investments by 2024, new jobs to be created

aseanpr
5 minutes

SINGAPORE - Singapore's maritime sector can expect $20 billion in investments from industry players by 2024. This will create more jobs here, said Senior Minister of State for Transport Chee Hong Tat on Friday (March 5). The number of maritime tech start-ups will also more than triple from 30 to 100 by 2025, while a new programme will be launched to develop leaders with knowledge of key maritime issues and strong business networks. Speaking in Parliament during the debate on the budget of the Ministry of Transport, Mr Chee said: "We aim to bring in $20 billion in total business spending commitments from maritime companies from 2020 to 2024, and create more jobs and opportunities for our people." These will be in areas including maritime law and arbitration, ship management and marine insurance. He outlined three targets for the local maritime ecosystem to strive towards - to be integrated, innovative and inclusive. The maritime sector here did well last year, handling 36.9 million twenty-foot equivalent units (TEUs), and growing in scale and diversity, said Mr Chee. "We attracted 11 new shipping groups to Singapore, and worked with eight maritime companies to expand their operation...

ACN Newswire
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Asian Logistics, Maritime and Aviation Conference closes

indie
11 minutes

HONG KONG, Nov 23, 2020 - (ACN Newswire) - The 10th Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), concluded its live programme on 18 November. More than 60 leaders from the logistics, maritime and aviation sectors around the world shared their insights in 35 topical sessions at the event. ALMAC had its debut as an online event (ALMAC Online) this year and industries continued to show their support with more than 10,000 viewers from close to 60 countries and regions joining the global live streaming, including many from Hong Kong, Mainland China and nine out of 10 countries in the Association of Southeast Asian Nations (ASEAN) bloc, along with newcomers from Austria, Brunei, Brazil, the Czech Republic, Egypt, Hungary, Rwanda, Slovakia and Uzbekistan and more, highlighting how the online format offered networking opportunities spanning the globe.In the Air Freight Forum on day one of the 10th Asian Logistics, Maritime and Aviation Conference (ALMAC), air cargo community stakeholders shared their views on the industry’s outlook. Y...

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Asian Logistics, Maritime and Aviation Conference opens

indie
11 minutes

HONG KONG, Nov 17, 2020 - (ACN Newswire) - The 10th Asian Logistics, Maritime and Aviation Conference (ALMAC), an annual signature event for the industries jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), opened today, running online for the first time in light of the pandemic. More than 60 experts and leaders from the logistics, maritime and aviation industries will share their insights at the two-day programme.The 10th Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), opened online today. Under the theme "Capturing Opportunities Amidst Volatility", more than 60 experts and leaders from the logistics, maritime and aviation industries share their insights at the two-day event.HKTDC Executive Director Margaret Fong said the Asian Logistics, Maritime and Aviation Conference's online format this year allows the event to move beyond the limits of a physical location to connect global participants to a world of industry insights and expertise....

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Port of Singapore named best seaport in Asia for the 32nd time

aseanpr
2 minutes

SINGAPORE - Singapore beat out three other contenders - Hong Kong, Shanghai and Shenzhen - to clinch the title of best seaport in Asia, for the 32nd time. The Port of Singapore won the "Best Seaport - Asia" award at the 2020 Asian Freight, Logistics and Supply Chain (Aflas) Awards held in Hong Kong on Monday (Nov 9), said the Maritime and Port Authority (MPA) on Tuesday (Nov 10). "This is a testament to the Port of Singapore's efficiency and continued leadership in driving maritime innovation," said MPA. The Aflas Awards are organised by the publication Asia Cargo News to recognise organisations that demonstrate leadership as well as consistency in service quality, innovation, customer relationship management and reliability. The winners emerged from votes cast by readers of the publication. "As a global hub port, the Port of Singapore continues to play a key role in keeping global supply chains going, particularly as the world economy starts re-opening," said MPA chief executive Quah Ley Hoon. "While we are humbled by this affirmation and thank the industry for their support, we will continue to strive to uphold high standards of service and drive initiatives that enable a low-car...

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Asian Logistics, Maritime and Aviation Conference Goes Online

indie
7 minutes

HONG KONG, Oct 28, 2020 - (ACN Newswire) - In light of the global pandemic, the 10th Asian Logistics, Maritime and Aviation Conference (ALMAC), an annual signature event for the industries jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), is being held online for the first time.The 10th Asian Logistics, Maritime and Aviation Conference (ALMAC) will be held online on 17 and 18 November. Themed "Capturing Opportunities Amidst Volatility", more than 40 luminaries from the logistics, maritime and aviation sectors will share their insights on industry prospects and business opportunities.Running on 17 and 18 November under the theme "Capturing Opportunities Amidst Volatility", ALMAC Online will focus on three key areas - rebuilding supply chain resilience under the new normal, Asia's evolving role in global supply chains, and the trendsetting technologies and innovations for reinvigorating logistics operations and management - to help industries navigate through a challenging business environment. More than 40 leaders from the logistics, maritime and aviation sectors will share their insights a...